A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §11-24-12a, relating
to providing a corporate tax credit for qualified health
insurance policies provided by corporate employers to
employees.

Be it enacted by the Legislature of West Virginia:

That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §11-24-12a, to read as
follows:

(a) A corporation providing its employees a qualified health
insurance policy shall receive a tax credit of three and one
quarter percent against the net corporate income tax for taxable
years beginning after December 31, 2010. The credit shall increase
by one quarter of one percent each year thereafter until reaching
a maximum of six percent. The Tax Commissioner shall propose rules
for legislative approval in accordance with the provisions of
article three, chapter twenty-nine-a of this code, defining a
qualified health insurance policy.

NOTE: The purpose of this bill is to provide a tax credit of
three and one-forth percent against the net corporate income tax
for qualified health insurance policies provided by corporate
employers to employees.The tax credit would increase by one-forth
percent yearly until reaching a maximum of six percent.